Comments on: Long Island office sales dry uphttp://libn.com/2009/02/25/long-island-office-sales-dry-up/
The premier source of Long Island news and data on business, economic trends and the region’s robust entrepreneurial sector.Thu, 30 Jul 2015 23:54:55 +0000hourly1http://wordpress.org/?v=3.5By: David Pennettahttp://libn.com/2009/02/25/long-island-office-sales-dry-up/comment-page-1/#comment-37731
David PennettaWed, 25 Feb 2009 21:33:17 +0000http://libn.com/spacedout/?p=1495#comment-37731Some buyers seem to be waiting for the anticipated commercial foreclosures to come on line, but this has not happened. Other buyers are just getting back to basics and buying buildings on sound fundamentals. A case in point is 1103 Stewart Ave, Garden City. This is a 35,000 SF Medical/office building that we are marketing for sale. There has been strong interest and numerous bids because its fully leased multi-story building with long term leases, has many doctors as tenants, has great visibility and enjoys direct access to Meadowbrook Parkway.
Before it was the financing that made the sale, today its back to the buildings fundamentals.
]]>